More 5G-related spending to sustain growth

China's investment in 5G infrastructure has witnessed an unprecedented growth with bulk of the efforts being trained at creating new infrastructure that will lend "innovative but strong" impetus for local economic growth, experts said.

Investment on base stations, networks and other 5G infrastructure will continue to increase and reach 1.1 trillion yuan ($145 billion) in the next few years, according to the China Academy of Information and Communications Technology.

According to JPMorgan, a global investment bank, continued infrastructure investment will help China's 5G industry to account for about 6 percent of the nation's GDP by 2030.